Aptiv PLC (NYSE:APTV) Short Interest Down 9.4% in November

Aptiv PLC (NYSE:APTV) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 15,910,000 shares, a decrease of 9.4% from the November 15th total of 17,560,000 shares. Approximately 6.8% of the company’s shares are short sold. Based on an average daily volume of 3,740,000 shares, the short-interest ratio is presently 4.3 days.

Aptiv Trading Down 0.2 %

Aptiv stock traded down $0.13 during mid-day trading on Tuesday, hitting $57.87. The company’s stock had a trading volume of 4,385,711 shares, compared to its average volume of 3,182,093. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. The business has a 50 day moving average price of $60.65 and a 200-day moving average price of $67.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv has a 12 month low of $51.47 and a 12 month high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, analysts forecast that Aptiv will post 6.15 EPS for the current year.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Aptiv by 24.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,391 shares of the auto parts company’s stock worth $732,000 after purchasing an additional 2,043 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Aptiv by 9.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,047 shares of the auto parts company’s stock valued at $1,553,000 after purchasing an additional 1,890 shares in the last quarter. First Pacific Financial raised its holdings in Aptiv by 11.3% in the 2nd quarter. First Pacific Financial now owns 6,452 shares of the auto parts company’s stock worth $454,000 after purchasing an additional 657 shares during the period. Ninety One North America Inc. boosted its position in Aptiv by 116.3% during the second quarter. Ninety One North America Inc. now owns 200,326 shares of the auto parts company’s stock worth $14,107,000 after purchasing an additional 107,706 shares in the last quarter. Finally, Ninety One UK Ltd grew its holdings in Aptiv by 6.8% in the second quarter. Ninety One UK Ltd now owns 2,236,963 shares of the auto parts company’s stock valued at $157,527,000 after purchasing an additional 142,717 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APTV has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Robert W. Baird reduced their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. StockNews.com initiated coverage on shares of Aptiv in a research report on Friday. They set a “hold” rating for the company. Oppenheimer dropped their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.29.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.